SEOUL — Creditor banks have shut-off Daewoo Motor Co. Ltd.'s life support system by refusing to grant the company any more credit, while demanding sweeping restructuring changes. But insiders say such efforts without any money will not save the sinking carmaker, whose vital signs are failing: Creditor banks have forced all 135 of Daewoo Motor's senior executives to submit their resignations. The two chief executive officers in charge of domestic and international operations have been ...
Premium Content (PAID Subscription Required)
"Daewoo in death struggle with creditors" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642